The pair is consolidating at 1.1020 in anticipation of the eurozone consumer inflation data whose monthly value is expected to decrease. If this is confirmed, the pair will continue to drop, but if inflation grows, it will lead to a local price increase.
The price is above the middle Bollinger …
The formed gap tested the historical level of 207.30. The overall trend remains upward. The stock is trading in the range of the lower border of the ascending price channel. The resistance level of 211.50 holds back buyers.
Trading recommendations:
Buy above 211.50.
Stop loss under the price pivot zone …
The overall trend is downward. The assumed correction tested the price pivot zone of 1.1039 and ended with a breakout of the inclined channel. Stochastic Oscillator indicator signals overboughtness. Sell the pair while descending wave pattern is forming.
Trading recommendations:
Sell while the descending pattern is forming (you need to …
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